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BUILDERS MERCHANT BUILDING INDEX
NOVEMBER BUILDERS’ MERCHANTS’ SALES TO BUILDERS AND TRADESPEOPLE INCREASE +1.4% IN VALUE, BUT VOLUME DOWN -13.6% AND PRICES UP +17.3%
The latest figures from the Builders Merchant Building Index (BMBI), published in January, reveal that builders’ merchants’ value sales were up +1.4% in November 2022 compared to the same month in 2021. But volume sales tumbled -13.6% while prices climbed +17.3%. Nine of the twelve categories sold more in November compared to the previous year. Renewables & Water Saving (+37.9%) was the standout category, while Plumbing, Heating & Electrical (+17.5%), Workwear & Safetywear (+16.6%), Decorating (+15.3%) and Kitchens &
Bathrooms (+14.8%) did relatively well. Timber & Joinery Products (-12.0%) was the weakest category. Compared to November 2019, a more normal pre-Covid year, total merchant value sales were +29.8% higher. Volume sales fell -4.1% while prices were up +35.3%. With one extra trading day this year, like-for-like sales were +23.9% higher. All twelve categories sold more with four outperforming Merchants overall: Renewables & Water Saving (+58.1%), Landscaping (+39.7%), Timber & Joinery Products (+33.2%) and Heavy Building Materials (+31.1%).
Last Three Months
Total sales in the three months September to November 2022 were +3.9% up on the same period last year, with price inflation of +15.1%, and volumes down -9.7%. With one less trading day in the most recent period, likefor-like sales were +5.6% higher. Ten of the twelve categories sold more with Renewables & Water Saving (+54.8%), Workwear & Safetywear (+22.2%) and Plumbing, Heating & Electrical (+16.7%) doing best. Timber & Joinery Products (-11.1%) was weakest.
MONTH-ON-MONTH
Month-on-month, total merchant sales dropped -2.6% in November compared to October. Prices rose +4.9 but volume sales fell -7.2%. Despite the additional trading day in November, like-for-like sales were -7.0% down. Workwear & Safetywear (+11.2%) was the top performing category, followed by Kitchens & Bathrooms (+10.0%). Seasonal category Landscaping (-13.1%) was weakest.
ROLLING 12-MONTHS
Total Merchants sales in the 12 months December 2021 to November 2022 were
+24.5% higher than in the same 12 months three years earlier (December 2018 to November 2019), a more normal pre-Covid year.
With one less trading day in the most recent period, like-for-like sales growth was +25.0%.
All categories sold more with Landscaping (+38.4%), Timber & Joinery Products (+35.8%) and Renewables & Water Saving (+34.4%) growing faster than Merchants overall. Heavy Building Materials (+22.1%), Kitchens & Bathrooms (+20.3%) and Decorating (+9.3%) grew more slowly.
For the full report, including comments from the BMBI’s panel of leading industry Experts, please visit www.bmbi.co.uk.
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